Arkansas LLC Operating Agreement
Your Arkansas LLC operating agreement is a legal document that establishes rules for how your LLC will handle procedures like voting, allocating profits and losses, management, and even—should it ever come to this—dissolution.
An operating agreement is an internal document, but that doesn’t make it any less important than documents filed with the state. In fact, adopting a strong operating agreement is essential. That’s why we at Northwest offer a range of free, attorney-drafted Arkansas operating agreement templates to help suit your business needs.
Is an operating agreement required in Arkansas?
No. Arkansas’s state statutes don’t include any language to suggest an operating agreement is required for Arkansas LLCs. However, you’ll need an operating agreement for several important tasks, like opening a bank account and even renting property.
Do I have to file my operating agreement in Arkansas?
No. Your operating agreement is an internal document, which means you’ll keep it on file with your own LLC documents.
Does a single-member LLC need an operating agreement?
Yes. Even though it’s strange to consider creating an agreement with yourself, by yourself, and for yourself, your operating agreement is an important legal document. It’s even essential for tasks like opening a bank account and—perhaps most importantly—maintaining your limited liability status.
*This is informational commentary, not advice. This information is intended strictly for informational purposes and does not constitute legal advice or a substitute for legal counsel. This information is not intended to create, nor does your receipt, viewing, or use of it constitute, an attorney-client relationship. More information is available in our Terms of Service.